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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+0.2%Dec 2 4:00 PM EST
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To: ahhaha who wrote (61660)10/31/2000 4:14:40 PM
From: Wayners  Read Replies (1) of 99985
 
When you lose fast you blame it on the technique which is inadvertently correct

I'd blame that on the unexpected and there's no way to make the risk go away thats for sure--but I sure can do a lot to make it as small as possible in relation to the reward. I think a lot of people equate risk with volatility. I equate reward with volatility--like a stock moves 7% on average from high to low per day. I equate risk with predictability and a risk to reward ratio as predictability to volatility. Things can certainly go from predictable to unpredictable and thats where money management comes in. If what I expect doesn't happen I get out of the trade. Its that simple. The big gap downs do occur and there's no way to always avoid. The hope is that the daily chart goes against me BEFORE the big gap down and I have to time to unload the position. If not, the fallback is never having more than 20% of your eggs in one basket plus over time there's been a good liklihood for solid tech stocks to come back in time. Just have to wait some out. Thats life. When emotions come into play, the best set TA trading plan and money mangement won't work. I guess I'm a freak of nature because I don't get emotionally charged over this stuff.
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